XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
INTEREST INCOME        
Interest and Fees on Loans $ 93,305 $ 61,140 $ 264,812 $ 178,196
Interest on Federal Funds Sold and Other Short-term Investments 2,084 2,223 8,232 4,905
Interest and Dividends on Securities:        
Taxable 9,268 8,034 27,528 18,111
Non-taxable 3,440 3,256 10,176 13,276
TOTAL INTEREST INCOME 108,097 74,653 310,748 214,488
INTEREST EXPENSE        
Interest on Deposits 29,416 23,375 87,079 67,749
Interest on FHLB Advances and Other Borrowings 2,956 2,684 8,217 7,180
TOTAL INTEREST EXPENSE 32,372 26,059 95,296 74,929
NET INTEREST INCOME 75,725 48,594 215,452 139,559
Provision for Credit Losses 700 625 17,200 2,150
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 75,025 47,969 198,252 137,409
NON-INTEREST INCOME        
Company Owned Life Insurance 630 476 1,908 1,442
Gain on Sale of Assets of German American Insurance 0 0 0 38,323
Other Operating Income 3,308 1,251 6,712 3,826
Net Gains on Sales of Loans 1,189 704 3,401 2,424
Net Gains (Losses) on Securities 0 70 0 (34,788)
TOTAL NON-INTEREST INCOME 18,429 13,801 50,002 48,546
NON-INTEREST EXPENSE        
Salaries and Employee Benefits 25,444 19,718 80,122 61,853
Occupancy Expense, Furniture and Equipment Expense 5,255 3,880 14,669 11,171
FDIC Premiums 1,059 755 2,847 2,194
Data Processing Fees 4,175 3,156 13,756 8,986
Professional Fees 1,960 1,912 8,256 6,969
Advertising and Promotion 1,321 941 4,075 2,988
Intangible Amortization 2,693 484 7,566 1,594
Other Operating Expenses 7,793 5,280 20,708 14,783
TOTAL NON-INTEREST EXPENSE 49,700 36,126 151,999 110,538
Income before Income Taxes 43,754 25,644 96,255 75,417
Income Tax Expense 8,680 4,596 19,303 14,817
NET INCOME $ 35,074 $ 21,048 $ 76,952 $ 60,600
Basic earnings per share (in dollars per share) $ 0.94 $ 0.71 $ 2.10 $ 2.04
Diluted earnings per share (in dollars per share) $ 0.94 $ 0.71 $ 2.10 $ 2.04
Wealth Management Fees        
NON-INTEREST INCOME        
Non-interest income $ 4,288 $ 3,580 $ 12,289 $ 10,729
Service Charges on Deposit Accounts        
NON-INTEREST INCOME        
Non-interest income 3,927 3,330 11,127 9,325
Insurance Revenues        
NON-INTEREST INCOME        
Non-interest income 0 0 0 4,384
Interchange Fee Income        
NON-INTEREST INCOME        
Non-interest income $ 5,087 $ 4,390 $ 14,565 $ 12,881